Re: terminating Financial Advisor (DFA)
I terminated my financial advisor earlier this year, who also had me in DFA funds.
They had opened up a Chas. Schwab account with my initial investment in the DFA funds. When I turned the IA loose, I was told that I could retain the funds in the Schwab account; they would just remove their name from the account and it would be mine to manage.
Unfortunately, based on bogus information I got from Vanguard, I tried to transfer the account holdings "in kind" to Vanguard IRA. Because the Vanguard account was NOT managed by an investment advisor, I was not allowed to retain the DFA holdings...it was all converted to cash. Luckily this was an IRA account and no tax was due on the considerable gains.
If you look at the Morningstar information about the DFA funds, you'll find they are available to the retail public, as long as your initial investment is $2 million.
My guess is that you may be able to keep them where they are, but never be able to add to the holdings or even reinvest the dividends, if the account is not "managed" by an IA.